How much does Legend Holding Company, Inc. contribute to its ESOP?

In 2024, employer contributions to the Legend Holding Company, Inc. plan averaged $19,216 per active participant, above the $540 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Legend Holding Company, Inc. 401(k)?

The average participant account balance was -$1,233,561 for plan year 2024, based on 136 accounts.

Legend Holding Company, Inc.ESOP

Name: Legend Holding Company, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LEGEND HOLDING COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN · AUBURN HILLS, MI · plan year 2024

Employer contribution per participant · 2024

$19,216

Legend Holding Company, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held -$167,764,289 across 136 participant accounts, with employer contributions averaging $19,216 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other wholesale trade employers.

Plan summary
Net assets, end of year-$167,764,289
Participants with balances136
Active participants130
Employer contributions$2,498,080
Employee contributions—
Employer contribution per active participant$19,216
Average account balance-$1,233,561
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLY US LLP

Plan history2

Yearassets · accounts · employer contribution

2024$-167.8M · 136 accts · $2.5M emplr

2023$-175.4M · 126 accts · $2.4M emplr

Employer contributions to the Legend Holding Company, Inc. plan · 2024

Employer contribution per active participant$19,216

Median for plans this size$540

2024$19,216 per active participant

2023$15,836 per active participant

Legend Holding Company, Inc.'s 2024 employer contribution ran above the $540 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history2

2024Not separately reported

2023Not separately reported

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 933621418 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.